RE:RE:RE:Bullish RSI 📈 The sheer number of holes they have drilled For Queensway should make the napkin math estimate of 5.6 million ounces at a cutoff of 0.3 grams a solid estimate .
With an order of magnitude less drilling, Napkin math was spot on the PEA estimate for SGD and also Freegold.
Great Bear PEA based on 6.5 m ounces , had a NPV of $3.3 billion which Prorata would suggest Queensway has a NPV of about $2.8 billion or about $14 per share for its 5.6 million ounces.
This estimate would be for depths less than 300 meters within a modestly explored strike of QWN.
So, eventual shallow ounces for QWN will gradually increase when exploration of the unexplored sections of QWN resume in 2025.
I have no idea how your very modest estimate of 1 million ounces was derived but Napkin math is a fairly rigorous estimator of pit constrained ounces ,as can be judged from SGD and Freegold